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Jan 2, 2013
01/13
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promises long ago that we can't keep because there aren't enough young workers to pay old retirees and healthcare benefit recipient what was promised to them 30 years ago. so that graphic you showed cannot be solved because you can't tax more, you can't give them less, either side will make that graphic worse. it means you are putting in more to get less. promises will have to be broken folks. can y put a hundred percent tax rate on everyone in america, and it won't fix this. >> we were talking about corker who put forward a proposal. i believe he still hopes this gathers traction. that is 1 trillion in entitlement reform in return for 1 trillion raise on debt ceiling. this s this something you think will realistically get support? >> i think one thing that senator corker has done that is admirable is he gets getting specific about the kinds of policies we need to be changing. he has an idea of his own. one of the things we didn't see in the negotiation nets past months was, the specifics of how to deal with the spending, entitlement and revenue side of this in terms of tax reform. back to your p
promises long ago that we can't keep because there aren't enough young workers to pay old retirees and healthcare benefit recipient what was promised to them 30 years ago. so that graphic you showed cannot be solved because you can't tax more, you can't give them less, either side will make that graphic worse. it means you are putting in more to get less. promises will have to be broken folks. can y put a hundred percent tax rate on everyone in america, and it won't fix this. >> we were...
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Jan 2, 2013
01/13
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that added healthcare tax, obama care tax as some call it, 3.8% on investment income, that remains and the real tax on investments is 23.will%. but that was going to happen regardless of the cliff. it did make one thing clear, and that is that the tax system still rewards investors over the plain old working stiff wealthy. which is why we may see a strong market. >> thank you very much, appreciate it. >> thank you. >> tyler, back to you. >> is washington really ready to tackle spending cuts? they weren't apart of this deal? andy friedman, one of the country's foremost experts on taxes and all things washington, andy, welcome back opinion you were dead on in your analysis of of what would happen on the cliff. you said we would go over it for maybe a little while. it seems this is an exercise in part on where the political leverage lay. as we now turn to the spending part of the equation, it seems to me that the leverage is more on the side of the gop than the debate just closed. do you agree? >> absolutely. you stated quite correctly, tyler. >> before the president was playing in the ho
that added healthcare tax, obama care tax as some call it, 3.8% on investment income, that remains and the real tax on investments is 23.will%. but that was going to happen regardless of the cliff. it did make one thing clear, and that is that the tax system still rewards investors over the plain old working stiff wealthy. which is why we may see a strong market. >> thank you very much, appreciate it. >> thank you. >> tyler, back to you. >> is washington really ready to...
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Jan 2, 2013
01/13
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financials, insurers, healthcare? we want it tweet you so tweet us our top trade at cnbcfastmoney. get traders to react as well. >> thanks so much. see you at 5:00. i know you want to talk with the traders. final trades up next. woman: we're helping joplin, missouri, come back from a devastating tornado. man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouti
financials, insurers, healthcare? we want it tweet you so tweet us our top trade at cnbcfastmoney. get traders to react as well. >> thanks so much. see you at 5:00. i know you want to talk with the traders. final trades up next. woman: we're helping joplin, missouri, come back from a devastating tornado. man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us....
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Dec 28, 2012
12/12
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is this the latest way to cope with grief or to cut healthcare costs. >> ban adoption from one nation to the next. it's about to happen in russia. where moscow is going to approve a ban on american couples only from adopteding russian children. we just improved our trade relations with them, why are they doing this? have our relations with the putin regime deteriorated that much? senior fellow with the center of transatlantic relations at johns hopkins university. what is this really about? >> this is about vladimir putin playing to his base which is nationalistic and poor as he's losing moscow and it's about vladimir putin sending a signal to the united states that he does not want us interfering in russia's internal affairs and this is a convenient way to send that message. >> let's, explain why they would think that with this trade status improvement there was a little clause that said if someone violates human rights in russia you're not going to be able to get a vase to get in here. what is this law called? >> the magity insky bill. >> sergei died in prison. who helped kill him.
is this the latest way to cope with grief or to cut healthcare costs. >> ban adoption from one nation to the next. it's about to happen in russia. where moscow is going to approve a ban on american couples only from adopteding russian children. we just improved our trade relations with them, why are they doing this? have our relations with the putin regime deteriorated that much? senior fellow with the center of transatlantic relations at johns hopkins university. what is this really...